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Gnoma [55]
3 years ago
14

Mogul Company ships merchandise to Ski Outfit in a consignment arrangement. The arrangement specifies that Ski Outfit will attem

pt to sell the merchandise, and in return, Mogul will pay to Ski Outfit a 15% sales commission on any merchandise sold. During the year, Mogul ships inventory with a cost of $92,500 to Ski Outfit. By the end of the year, $70,000 of the merchandise has been sold to customers for a total of $98,000. What amount of inventory will Mogul report at year end
Business
1 answer:
Yuliya22 [10]3 years ago
6 0

Answer:

$22,500

Explanation:

Given that,

During the year, Cost of shipping inventory to the Ski Outfit = $92,500

By the end of the year, amount of merchandise sold to customers = $70,000

Mogul will repeat inventory at the year end:

= Cost of inventory sent to consignee - Cost of inventory sold by consignee

= $92,500 - $70,000

= $22,500

Therefore, the amount of inventory will Mogul report at year end is $22,500.

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A chain of parking garages recently offered customers the ability to pay for parking on their mobile phone instead of paying at
Fittoniya [83]

Answer:

Contact-less payment technology

Explanation:

In contact-less payment, payment is made without any physical contact between the payer and receiver business. This payment mechanism makes use of NFC (near the field communication) technology.  

Contact-less payment mechanism reduces cost for staffing and also removes need for collection of cash. This means that parking facilities are managed remotely.  

7 0
2 years ago
A manufacturer of food products is looking at entering several new markets in developing countries. Before it does this, the com
Lorico [155]

Answer:

Option D

Explanation:

In simple words, the problem depicted in the given scenario is an example of low knowledge of the target audience. In the given case, the company did everything correct with respect to their procedures, like they made a question are in the local language and distributed to the target audience and collected the survey efficiently.

However while doing the procedure, they were unaware of the fact that their target audience was not literate enough. Hence we can conclude that the correct answer is D.

4 0
3 years ago
A lawnmower that normally sells for $350 is on sale for 25% off. How much
olya-2409 [2.1K]

Answer:

$262.50

Explanation:

Multiply $350 by 0.75 since it is 25% off and the remaining is 75% to get the answer of $262.50.

3 0
2 years ago
Impression management theory suggests that people change their attitudes to match their behaviors in an effort to
Reika [66]

Answer:

Impression management theory states that one tries to alter one's perception according to one's goals. In other words, the theory is about how individuals wish to present themselves, but in a way that satisfies their needs and goals.

Explanation:

8 0
1 year ago
Which of the following demonstrates the law of demand? a. After Jon got a raise at work, he bought more pretzels at $1.50 per pr
Anna11 [10]

Answer:

C.

Explanation:

The law of demand states that when the price of a good or service increases, the quantity demanded decreases and when the price decreases the quantity demanded increases (other things constant).

Is not option A because it says changes in income and not changes in prices. Is not option B because it says the opposite that the law of demand states: when the muffins price is low, Melissa buys fewer than when the price is high. Is not option D because the law of demand is not directly related with substitute goods. It is option C because when the price is low ($0.25) Dave buys more donuts than when the price is high ($0.50)

7 0
3 years ago
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